{"id":1416,"date":"2022-06-23T20:59:19","date_gmt":"2022-06-23T19:59:19","guid":{"rendered":"https:\/\/nicholasidoko.com\/blog\/?p=1416"},"modified":"2024-09-01T23:14:12","modified_gmt":"2024-09-01T22:14:12","slug":"is-freelancing-better-than-a-9-5-job","status":"publish","type":"post","link":"https:\/\/nicholasidoko.com\/blog\/is-freelancing-better-than-a-9-5-job\/","title":{"rendered":"Is\u00a0Freelancing Better than a 9-5 Job?"},"content":{"rendered":"\n<p>There has been a lot of debate about freelancing and 0-5 jobs. <\/p>\n\n\n\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">The topic of freelancing has always been one that people either love or detest. <\/span><\/p>\n\n\n\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">However, freelancing has never been more accessible because of<\/span> recent advancements in technology and communications. <\/p>\n\n\n\n<p>The number of critics is steadily declining.<\/p>\n\n\n\n<p>Anyone who has recently made the transition into freelancing is aware of how highly gratifying it is. <\/p>\n\n\n\n<p>You are given complete control over your workload, you can select your clients, and you can determine how much of your time is spent working and relaxing. <\/p>\n\n\n\n<p>There aren&#8217;t many other professions that offer this degree of autonomy and control.<\/p>\n\n\n\n<p>If you&#8217;ve been thinking about going freelance and working on your own, whether part-time or full-time, you definitely have a lot of questions, not the least of which is why <a href=\"https:\/\/nicholasidoko.com\/blog\/2022\/06\/21\/are-freelancers-considered-employees\/\" target=\"_blank\" rel=\"noreferrer noopener\">freelancing is better than a 9 to 5 job<\/a>. <\/p>\n\n\n\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">Therefore, We&#8217;ve put together a comparison between a standard 9 to 5 corporate employment and being a\u00a0<\/span><a href=\"https:\/\/nicholasidoko.com\/blog\/2022\/06\/21\/who-is-a-freelancer\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">full-time free<\/span>lancer<\/a>\u00a0in case you&#8217;re still &#8220;sitting on the fence&#8221; about starting freelancing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Comparing Freelancing to a 9-5 Job<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Hiring Process<\/h3>\n\n\n\n<p>Many people discover that there is intense competition for positions with 9\u20135 hours when looking for a job. It&#8217;s not as simple as searching for a job online and applying right away. <\/p>\n\n\n\n<p>An initial interview usually marks the beginning of the employment process for a 9\u20135 position. <\/p>\n\n\n\n<p>In this section, you should discuss your prior experiences, educational background, geographic location, and reasons why you should be hired for the position. <\/p>\n\n\n\n<p>All of these decisions will depend on how well you do in getting that 9\u20135 employment.<\/p>\n\n\n\n<p>On the other side, it takes some momentum to get rolling when you are first starting as a freelancer. <\/p>\n\n\n\n<p>That&#8217;s why I advise starting with freelancing as a side business. <\/p>\n\n\n\n<p>This is because you may begin to improve sustainably as you gain experience in freelancing. <\/p>\n\n\n\n<p>As a result, it&#8217;s possible that you&#8217;ll just have one paying customer to begin with, and it won&#8217;t be able to cover all of your expenses straight away. <\/p>\n\n\n\n<p>However, the recruiting process for freelancers becomes more straightforward as you accumulate more expertise and build your portfolio. <\/p>\n\n\n\n<p>Because you will constantly want to be onboarding new clients as you can, the hiring process for freelancers is ongoing and never-ending in contrast to a corporate role.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/nicholasidoko.com\/blog\/2023\/04\/17\/the-importance-of-building-a-personal-financial-plan-as-a-freelancer\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Importance of Building a Personal Financial Plan as a Freelancer<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"612\" height=\"408\" src=\"https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/freelancing2.jpg\" alt=\"Is\u00a0Freelancing Better than a 9-5 Job?\" class=\"wp-image-1417\" srcset=\"https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/freelancing2.jpg 612w, https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/freelancing2-300x200.jpg 300w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Job Security<\/h3>\n\n\n\n<p>Your job security can be unpredictable is when it comes to a 9 to 5. <\/p>\n\n\n\n<p>When you work a 9 to 5, you put all your eggs in the hands of one employer, and your &#8220;solid employment&#8221; could disappear overnight. <\/p>\n\n\n\n<p>This is because your company fired you, doesn&#8217;t have enough money to pay the staff, and other factors that are out of your control. <\/p>\n\n\n\n<p>You may believe that a 9 to 5 work is stable, with perks and wage increases, but this is not necessarily true. <\/p>\n\n\n\n<p>The corporate job market may be very unstable, as this past years have demonstrated. <\/p>\n\n\n\n<p>Many people who believed they had secure employment and would stay there for years instead found themselves fired due to circumstances beyond their control.<\/p>\n\n\n\n<p>You don&#8217;t have just one client when you&#8217;re a successful freelancer. <\/p>\n\n\n\n<p>You&#8217;ll have several clients if you freelancing properly. <\/p>\n\n\n\n<p>Because you have numerous diverse revenue streams, working as a freelancer is secure because you can work for more than one client. <\/p>\n\n\n\n<p>To avoid becoming dependent on a single company in a specific place, you can also diversify your clientele geographically. <\/p>\n\n\n\n<p>Even better, you can work with various brands and clientele. <\/p>\n\n\n\n<p>Additionally, you can diversify into offering various services at various prices. <\/p>\n\n\n\n<p>All of these diversification strategies let you divide the risk across other sources of income, which, once established, makes things more secure. <\/p>\n\n\n\n<p>However, there is almost no job stability in freelancing when you are first starting out. <\/p>\n\n\n\n<p>Not before you establish yourself, which ties to the earlier idea of starting as a side business.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/nicholasidoko.com\/blog\/2023\/03\/30\/the-importance-of-boundaries-how-to-set-limits-as-a-freelancer-without-losing-clients\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Importance of Boundaries: How to Set Limits as a Freelancer Without Losing Clients<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Earning Potential<\/h3>\n\n\n\n<p>Your starting salary typically limits your earning potential at a 9-to-5 job. <\/p>\n\n\n\n<p>However, you can prepare for annual evaluations and pay bonuses and potential wage increases down the road. <\/p>\n\n\n\n<p>There are certainly higher-paying positions to progress to, like management roles. <\/p>\n\n\n\n<p>Still, for the most part, particularly when you&#8217;re just starting out, your earning potential can be severely constrained and capped at the rate you agreed to throughout the hiring process. <\/p>\n\n\n\n<p>Therefore, even if the business starts to <a href=\"https:\/\/nicholasidoko.com\/blog\/2022\/06\/20\/can-freelancing-make-one-rich\/\" target=\"_blank\" rel=\"noreferrer noopener\">generate more money<\/a> due to what you are doing, you are not entitled to that.<\/p>\n\n\n\n<p>Your income potential from freelancing is uncapped right now. <\/p>\n\n\n\n<p>You are compensated for the value you give customers. <\/p>\n\n\n\n<p>You must take responsibility for offering excellent services that enhance businesses. <\/p>\n\n\n\n<p>However, after you&#8217;ve done that, you will not have an upper income limit imposed on you.<\/p>\n\n\n\n<p>This is so that you can choose the clients you want to work for and provide services for as a freelancer. <\/p>\n\n\n\n<p>Therefore, if you already have a small number of paying clients and wish to boost your income, you can upsell them on more services or solicit recommendations.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/nicholasidoko.com\/blog\/2023\/03\/27\/how-to-effectively-market-yourself-as-a-freelancer\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Effectively Market Yourself as a Freelancer<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Work Hours<\/h3>\n\n\n\n<p>It&#8217;s annoying to have to report to work at 9 a.m. and not be able to leave until 5 p.m.; other occupations require longer hours. <\/p>\n\n\n\n<p>When you enter the independent working environment, you establish your working hours that best supports the freelancing lifestyle you desire. <\/p>\n\n\n\n<p>For instance, if you do better in the morning, plan your day to finish by 2 o&#8217;clock every day. <\/p>\n\n\n\n<p>Alternately, plan your working hours around the school run if necessary. <\/p>\n\n\n\n<p>There aren&#8217;t many occupations that offer this kind of flexibility in the 9\u20135 workplace.<\/p>\n\n\n\n<p>If your job involves using a computer or laptop frequently, you might discover that working in blocks of time is better for you. <\/p>\n\n\n\n<p>It is preferable to plan your workday into designated time blocks from your health and welfare perspective. <\/p>\n\n\n\n<p>For instance, maintaining a far better <a href=\"https:\/\/nicholasidoko.com\/blog\/2022\/03\/16\/10-strategies-for-achieving-good-work-life-balance\/\" target=\"_blank\" rel=\"noreferrer noopener\">work-life balance<\/a> involves working for two hours at a time with regular breaks in between.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/nicholasidoko.com\/blog\/2023\/03\/26\/how-to-build-a-strong-online-presence-as-a-freelancer\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Build a Strong Online Presence as a Freelancer<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"707\" height=\"472\" src=\"https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/Is-Freelancing-Better-than-a-9-5-Job.jpg\" alt=\"Is\u00a0Freelancing Better than a 9-5 Job?\" class=\"wp-image-24166\" srcset=\"https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/Is-Freelancing-Better-than-a-9-5-Job.jpg 707w, https:\/\/nicholasidoko.com\/blog\/wp-content\/uploads\/2022\/06\/Is-Freelancing-Better-than-a-9-5-Job-300x200.jpg 300w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Learning Curve<\/h3>\n\n\n\n<p>In a typical 9\u20135 employment, managers over each department apply their specialised expertise and talents to that position. <\/p>\n\n\n\n<p>However, you represent all the departments when you work for yourself, so you must be familiar with their responsibilities. <\/p>\n\n\n\n<p>It can be overwhelming when you first start freelancing, but gaining experience will make your knowledge priceless.<\/p>\n\n\n\n<p>You can learn new things and broaden your skill set by working as a freelancer, including the abilities you already possess. <\/p>\n\n\n\n<p>Every project or freelance job you take on will teach you something, so you can apply that new information and your newly acquired talents to your subsequent projects. <\/p>\n\n\n\n<p>This improves your performance on the subsequent task and creates more opportunity for you to take on more challenging or varied work.<\/p>\n\n\n\n<p>However, developing your skill set goes beyond your work.<\/p>\n\n\n\n<p>You&#8217;ll also learn about bookkeeping and accounts, administrative duties, making approved proposals, and cultivating great customer connections that result in additional work and recommendations.<\/p>\n\n\n\n<p>Remember that you may also take a proactive approach to learning and enhancing your skill set by enrolling in online courses. <\/p>\n\n\n\n<p>There are many chances for online learning; all you need to do is decide the talents you want to develop and make the time to master them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final Thoughts<\/h2>\n\n\n\n<p>Should you work as a freelancer or would a regular job suit you better? <\/p>\n\n\n\n<p>It depends on the profession you believe will be your best long-term fit. <\/p>\n\n\n\n<p>Success in both professions requires patience, commitment, and hard effort. <\/p>\n\n\n\n<p>So, be sure to focus your attention in the appropriate direction and build the future you desire.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Before You Go\u2026<\/h3>\n\n\n\n<p>Hey, thank you for reading this blog post to the end. I hope it was helpful. Let me tell you a little bit about <a href=\"https:\/\/nicholasidoko.com\/\">Nicholas Idoko Technologies<\/a>.<\/p>\n\n\n\n<p>We help businesses and companies build an online presence by developing web, mobile, desktop, and blockchain applications.<\/p>\n\n\n\n<p>We also help aspiring software developers and programmers learn the skills they need to have a successful career.<\/p>\n\n\n\n<p>Take your first step to becoming a programming expert by joining our <a href=\"https:\/\/learncode.nicholasidoko.com\/?source=seo:nicholasidoko.com\">Learn To Code<\/a> academy today!<\/p>\n\n\n\n<p>Be sure to <a href=\"https:\/\/nicholasidoko.com\/#contact\">contact us<\/a> if you need more information or have any questions! We are readily available.<\/p>\n","protected":false},"excerpt":{"rendered":"There has been a lot of debate about freelancing and 0-5 jobs. The topic of freelancing has always&hellip;","protected":false},"author":2,"featured_media":24166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"Freelancing","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Anyone who has recently made the transition into freelancing is aware of how highly gratifying it is. 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